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I have been receiving a lot of questions lately from MBA 2010 aspirants about how to prepare for GMAT, when to take GMAT, how much time should one take for GMAT preparation, which books to refer for GMAT, what is the best GMAT preparation material, how to prepare GMAT quant/ verbal, how to select business schools, how to write MBA admission essays, etc. I decided to write a comprehensive guide on GMAT preparation and answer all questions related to GMAT preparation and application process (but for more information keep surfing through our GMAT Blog), especially because the time to reserve a date for writing GMAT this year has really arrived. As the first application deadline for most of the business schools falls in October, you should be ready by then. And since you need around two months to write, edit, and give shape to your admission essays (5 essays per bschool), you should ideally take GMAT by July end or first week of August. That means starting with your preparations right now. Although I took my GMAT without much preparation and scored a 770, I think I managed to pull it off because I went through the right material (Official Guide for GMAT and 1000 files) and because I was preparing for CAT so rest of the things were taken care of automatically. The first step in this direction would be to acquaint yourself with the GMAT-
test pattern and duration.

The rankings are based on data collected from two main sources, alumni and business schools. This year a total of 156 business schools met the criteria for participation and completed the school survey provided. Some 21,328 alumni, of the graduating class of 2006, were then asked to complete an alumni survey and just over 8,000 responses were submitted.

The FT always surveys graduates three years after they have completed the degree to assess the effect of the MBA on their subsequent career progression and salary growth.

Of the 156 schools, 48 were excluded because of insufficient alumni data. The response threshold that the FT sets is 20 per cent of the entire class with an absolute minimum of 20 responses. The remaining schools were then ranked and the final table shows the top 100. Continue reading →

Following are the 2009 Part Time MBA Rankins from Business Week. Read Full Report Here

Methedology Used to rank Part Time MBA Programmes:

A student survey, sent to 12,414 part-time MBA students at 99 programs and completed by 4,222 (34%), measures general student satisfaction.
The academic quality score consists of six equally weighted measures: average GMAT score, average work experience, the percentage of all teachers in the part-time MBA program who are tenured faculty, average class size in core business classes, the number of business electives available to part-time MBA students, and the program’s completion rate.
A third measure, of post-MBA outcomes, is based on the percentage of survey respondents who say their program was “completely” responsible for them achieving their goals. Data on program cost, GMAT scores, work experience, class size, tenured faculty, and completion rates were provided by the schools. The percentage of grads reporting salary increase and average salary increase is based on respondents to student survey. Letter grades are based on the student survey. In each category, the top 20% earned an A+, the next 25% received A’s, the next 35% were awarded B’s, and the bottom 20% got C’s. Continue reading →

Oflate a lot of students have been coming up with basic queries related to part time MBA. Who must opt for part time MBA? Is part time MBA worth pursuing? Can I change careers after doing part time MBA? So on and so forth.

So today we would be handling all such queries regarding part time MBA.

Part time MBA programs are becoming popular among people these days. For professionals who don’t want to take hiatus from their ongoing careers as well as add an extra feather to their qualifications, part time MBA is a great option.

Samantha is an applicant for the MBA 2010-2012 session. She has an above average GMAT (say 680), 3.0 GPA, is a state level Tennis player, has a 4+ years work experience at a Software Company, and has some A grades in some quant course that she took at the community college.

If we just assess the profile, it doesn’t sound anything great or outstanding. There would definitely be people in her applicant pool who would have stellar GMATs, work experience from companies such a McKenzie and Microsoft or superior grades, national sport players and alike.

So does that mean that Samantha should not apply to a Business School?

Of course, she should.

A student such as Samantha knows that the two things that she could really work hard upon are her application and interviews. Her application would give a wider view of her personality and her motivations to achieve her goals. Her interviews would give her an opportunity to fill in all the gaps that were either in her application or profile. The interviews , especially, would give an opportunity to interact with the interviewer where she would have a highest opportunity to put her views forward though her strong communication skills and dynamism.

In fact, her 30-45 minutes interview can make or break her chances of getting into a business school.

How?

An arrogant and cocky person with an excellent profile might get an instant red flag. Whereas a person who understands his motivations, goals, is honest and genuine with his words would be considered for an admission.

US MBA vs UK MBA has always been a topic of contention among MBA aspirants. Being a mathematician’s wife keeps my love for numbers alive and fresh all year round. We have already assessed some numbers for 40 US Business Schools in terms of age, class size, work experience, GMAT scores and GPA earlier. Let’s take a quick look at the numbers of top 18 European Business schools. Continue reading →